How Robinhood Gets Casual Traders Hooked

With its ease of use and sleek design, Robinhood’s commission-free app made trading a pandemic pastime. But critics contend it makes trading too easy, and now the SEC is getting involved.
#Trading #BehindTheDesign #BloombergQuicktake
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[@business]

What do you think about Robinhood's app? Does it make trading too easy?

[@GalaxyAeterna]

I think it does. Can you do something on evergrande

[@business]

@@GalaxyAeterna Yes, we are following developments on the Evergrande situation very closely, and you can find the latest coverage at www.bloomberg.com.Meanwhile, if you are interested in other wild stories about things called "Ever", check out our recent Storylines about the Ever Given: kzbin.info/www/bejne/n4etameqgpyjhKM

[@zendenbali]

You know what's easier than Robinhood app? Gambling in Las Vegas poker tables.

[@Dave-yv7tg]

Not if you want to buy gme

[@TheBkdot]

Yeah, I like the swipe up feature, just wish the order fill was faster. But Shame on HOOD for it's PFOF engagement and the GME debacle.

[@___________2204]

It is really immature to blame a business for your own risky decisions. Robinhood's design is absolutely brilliant, and works on a business model that is fully legalized by the US. The real blame goes onto the investor, who actively chose to deposit his money and start trading, and to the US government, who keeps PFOF orders legal. You're getting mad at the wrong people

[@The_Internet_Is_Overrated]

It's really immature to enter a policy discussion saying , "well it isn't illegal." That's not the point of the conversation, obviously. In 5 years when sports betting is exposed as the social cancer it is, you'll be saying well what's wrong with companies exploiting peoples addictions? It's legal.

[@FinancialShinanigan]

Oh no, I lost money gambling in the casino...LET'S BLAME THE CASINO!

[@ankur.mahajan]

The solution is not to restrict these innovations but have better ways to educate investors about risks of stock market. Only knowledge can beat ignorance.

[@episteme666]

no knowledge could ever beat ignorance, dude. its the perception that does that.

[@Ace-cc1em]

Plus; the markets are entirely umpredictable, and there are many companies that are less than scrupulous that aren't being honest on their earnings. One only needs to look at Enron, Lehman Brothers, etc.

[@travis1240]

The broker has some of that burden, especially if they are actively courting people with no experience and giving them margin and option accounts.

[@samsonsoturian6013]

RH has gotten stricter with disclosures. Like if you open a levered ETF you'll get pop up warnings saying it's dangerous.

[@ankur.mahajan]

@@episteme666 Maybe you are right. But, it has worked for me so far.

[@dannypope1860]

Sounds like this video’s title was written by the fund managers who got replaced by a functional system that actually helps investors.

[@austinmejia3210]

This app is too user friendly how dare they!

[@philipclift7205]

Except if you want to buy a stock like gamestop that they have an opposite position in.

[@austinmejia3210]

@@philipclift7205 I agree that was messed up.

[@phoenix5054]

Who writes these titles? Some fund mangers crying that people would rather use Robinhood than invest with them?

[@dannypope1860]

YUP!

[@jamuojisan]

It's awesome that the founder keep the Robinhood medieval haircut.

[@duallylicensed145]

😂😂😭😭😭

[@david_junior]

Beatuful af😭😭

[@kendy4]

Mans staying on brand 😂

[@lbdeuce]

Too much fluff for the amount of info

[@johnwilson5148]

The wisest thing that should be on every wise individual's list is to invest in different streams of income and don't depend on the government to bring in money especially now the pandemic is hitting the economy.

[@nicholaspage5170]

You’re definitely right, waiting on the government is a big waste

[@johnwilson5148]

Investments are the stepping Stones to success especially if you’re guided by a professional

[@georgebest4300]

@@johnwilson5148 I'll agree to that but i'll love to know who your PRO is. Made any profits from this PRO?

[@johnwilson5148]

@@georgebest4300 I have been able to make maximum profits off my trade with $70,000 and I have amassed about $690,000 in net profit In 4 weeks

[@georgebest4300]

@@johnwilson5148 Do you mind hooking me with this PRO?

[@timothy1949]

does not trade on fundamental? how many traders trade on fundamental are you shitting me? Only investors care about fundamentals.

[@ankitbiswal710]

The best way to turn 10 dollars into 1 million is to make a video and sell a course to 1000 people for 1000 bucks each, about how to turn 10 dollars into 1 million!!!! 😂

[@mattiauk]

Not sure what people are complaining about in the comments. It was a very well balanced video. Everyone is there to make money out of the trader, that's what the brokers do, but how they do is relevant info, something to learn that is it.

[@Js14561]

you know what's also too easy? casinos... But no regulators complaining about those.

[@neelblues8332]

So this is a robinhood PR

[@johnblackhorn]

YEP!!!!!!

[@TheGIGACapitalist]

Robinhood is an indicator of the race to the bottom for margins in financial services. 20 years ago, commissions were $50 a pop. Great for consumers, not so much if you have a career in traditional finance.

[@JonasPolsky]

Do you mean 30 years ago? I started invested in 2004 and trade commissions were $17.99

[@gidd]

Old heads want us to make calls to trade in 2021

[@user-cc6xy3jm3e]

In lots of at least 100 shares + commission/fees.

[@AdrianDucao]

For BIG Trade position you have to call you cant afford to loose a trade beacuse of a sudden interruption or error, million worth of trade not a trinket

[@gidd]

@@AdrianDucao Only big net worth individuals and hedge funds make calls I was referring to the average investor

[@duallylicensed145]

😂😭😭

[@hazyipa]

lol its not that designers are now understanding the importance of a frictionless UX, it's that company leadership is finally aware. and this is excellent--my company prioritizes UX design and it is fantastic! but designers have been pushing for their ideas to be put in place for years and years.

[@francnuke]

Same goes for most development best practices. Especially when the right way takes longer..

[@saniibrahimiyayi9297]

Elements of advertisement is all over.

[@CANADIANMOO5E]

Why isn't Vlad and Co. in jail for perjury or turning off the buy button?

[@___________2204]

Because every other broker turned off the buy button

[@blink182bfsftw]

Alexa define perjury

[@mitchbaker5995]

Because it's not market manipulation when they do it only the peasants

[@samsonsoturian6013]

Cuz they literally didn't have a choice. Want to hear the story?

[@samsonsoturian6013]

@@mitchbaker5995 you deserve to lose money, liar.

[@bigzerofps]

The thing is i dont necessarily mind payment for order flow as the amounts i trade with are so minuscule, the spread i end up paying is still smaller than a commission fee. Im sure that if i were trading higher volumes, best execution becomes more integral

[@___________2204]

It's not Robinhood's fault that some investors make risky decisions. I am speaking as someone who invested in GME. I do disagree that they blocked its trade though. And I think PFOFs are inherently unethical but then again, that is the USA's fault that they should be illegal. In Europe, PFOFs are illegal Robinhood is an amazing idea and is actually really beneficial to retail investors. The design is genius. I just despise the decision to block trades to please a market marker

[@prodragon123456]

From a regulator point of view, more people are losing money than making money, people are simply gambling without doing much research on the stocks, and when everything go wrong, retail investors are the one that suffer the most

[@jeetsg1316]

it is paid commercial of robinhood.....

[@austinmejia3210]

Glad people are saving for retirement. Stop complaining media.

[@samsonsoturian6013]

Not everyone is. But Robinhood is now the Walmart of brokers so you can be sure people will whine regardless if it makes sense.

[@youmeandeveryone5893]

Not worldwide, only for US. 😓

[@dannypope1860]

Robinhood changed my life. I’ve made over 6 figures in a year.

[@andrewkvk1707]

🤡

[@kunalsingh6423]

You will loose it if you continue trading on the same.

[@darius2640]

never forget who shut off the buy button when their buddies at hedge funds were losing money to retail traders on gamestop, thats all im sayin

[@youmeandeveryone5893]

It's more like ad rather a doc

[@benjaminbialy6284]

2:25 cody would be proud

[@Commando303X]

Exactly what "barriers to entry" into finance did RobinHood help people overcome?

[@vince-pm1zf]

Trading commissions and it provided a user friendly interface

[@GLORYNEVADASMITH]

Are you able to buy fractional shares of higher priced stocks on Robin Hood ?

[@enhancedutility266]

Yes

[@JerkingLegacy]

Yes!

[@Exalted_Ro]

Its only for the US ... sucks that they made that move with GameStop and AMC ... but hey ... we all got to make our money...

[@bartekwshwsh6039]

😂😂Robinhood and vlad 😂 tell the truth about GameStop

[@samsonsoturian6013]

You really want to hear the story or would you rather be sued for defamation?

[@angeldetierra3855]

► *This looks like a commercial for Robinhood....*

[@cameron7294]

Robinhood is great and terrific.

[@turboflacko946]

AMC

[@litojonny]

BUY AND HOLD GME

[@RandomMusicPlaylists]

SUNL gonna explode Monday with the infrastructure bill 🚀🌛🌛🚀🚀🌛🌛

[@rumls4drinkin]

35 billion downloads huh, that's alot of bots.

[@nasseralzari3070]

this is so fancy , it make it so beautiful , colorful but really take you away from any meaning of Trading . Bad luck with RobinHood

[@teresitaproano4641]

They are making difficult for regular people ..must of peaple

[@tune6000]

Hood🚀🚀🚀

[@turboflacko946]

The laws and regulations here are not clear and costs millions for regulars users

[@johnblackhorn]

Dm that’s a lie you need to go read some facts clown

[@roshankootungal9656]

investment is up and down, this add shows only up...

[@jsyk3]

99 Bubble

[@Capitalust]

Definitely NOT. Love me my 0 comission trades. RH made trading so easy a caveman can do it. They brought trading to everyone, a feat that every broker before them couldnt or cared to pull off. Hats off to them.

[@samsonsoturian6013]

You're paying a commission, it's just tiny and hidden in the price of the stock.

[@Capitalust]

@@samsonsoturian6013 on what order of magnitude are these fees? Less than a penny?

[@samsonsoturian6013]

@@Capitalust for shares, yeah. For options it's at least a dollar and fir illiquid options it can get ridiculous

[@rhomboidman]

she sounds like she's doing No.2

[@GratefulDave93]

I want to lock on up that dudes hookup.

[@keno6391]

HAHA FRESH MEAT FOR US BIG BOYS..

[@seexzavierfilms]

oops I had a moment.

[@JatinV1]

India has Zerodha in same fashion

[@VisibleMRJ]

Is you think this is crazy image a metaverse.

[@williamchamberlain2263]

Avoids the problems of physical drug abuse you get with traditional trading companies.

[@mission9race]

I’m U.K. and this app isn’t in the App Store T-T

[@polesmoker2802]

Be thankful. Get E*TRADE

[@Amanda-rs6pd]

Despite all the economic crisis this is the right time to start up an investment

[@dagnyattkisson5956]

I wanted to trade crypto but got confused by the fluctuations in price

[@evelynhannah3147]

@@dagnyattkisson5956 That won't bother you if you trade with a professional like Mr Dennis

[@mylesginvestment5033]

@@evelynhannah3147 His success stories are everywhere 😱

[@audreybutler1417]

How do I contact Mr Dennis

[@isabellagrayson8583]

@@audreybutler1417 text him on WHAT'S AP

[@TaylorMade3906]

Thinly veiled commercial

[@samsonsoturian6013]

They're whining. Not very well, but they're whining.

[@wesleywagumba812]

This is definitely propaganda against Robinhood by the big players in stock 😂🤦🤦😂

[@guiltazaour2871]

FOR KIDS?

[@Theprofessor1212]

Haters gonna hate.

[@trevorabes5551]

Not one mention of what risk control measures, if any, Robinhood has in place during the sign up process.

[@samsonsoturian6013]

RH restricts the amount of margin that can be used. But aside from that, people do what they want with their money.

[@erikowren7894]

Now the establishment is upset that anyone can trade. No going back.

[@travis1240]

Anyone could since the 90s.

[@vinceramcesoliveros6739]

"Democratize" yeah like disabling "BUY" button. lol

[@bmo3778]

this video exposure is quite balanced. the pros at the front, and the contrasts at the back. glad I watched till the end.

[@davidpessina6563]

💎✨💎

[@phantomKE]

An 18 min robinhood ad, anything for money I guess.

[@juliana.2120]

Robinhood is kinda like the Facebook of brokerages

[@dbg2644]

Advertisement

[@sjbmagar]

big guys will make you feel like trading is a complex system

[@notsojharedtroll23]

As Attar would say: "... the popular mobile game Robinhood..."

[@KazakEmpire]

vlad rossian agent?!

[@drakevader7206]

Lol...Robinhood looks like a joke when compared to Zerodha in India

[@samsonsoturian6013]

Since when does Indian problems get covered by Bloomberg?

[@drakevader7206]

@@samsonsoturian6013 I didn't imply that Zerodha was a problem. I meant that Zerodha was more user friendly and informative than Robinhood.

[@theunvaccinator]

SELL yr Doge take yr profit and BUY Shiba NOW!!!! This is much more attractive then Doge and early days with massive growth...Elon done buying and tweeting bout doge hes made his money SHIBA shrugged off his NO reply like it was my next door neighbour saying NO haha

[@davidpessina6563]

PIONEERING COMPANY 👪🅱️UY THERE STICK N SHUT UP👁️

[@FBicoolshaman]

Do people still use Robinhood I am thinking about use it as a noob and do you Robin Hood uses still trust Robin Hood HELP

[@ashishpatel350]

bloomberg always protects the tribes agenda.

[@ridert1234]

Po

[@thecitizenjoan]

ROBINHOOD RULES! LEAVE THEM ALONE BOOMERS.

[@daviel]

Did rich people get richer tooooooooooooooo easily?

[@SketchingHands]

I’d rather own a full share of a stock not a small piece of it.

[@dcastnick7064]

Alright big boy lets see your BRK.A holdings lol

[@macsmich8273]

They think we are all so dumb. But then again I do know a few dumb people who also use Robinhood 🙄.

[@samsonsoturian6013]

They're the Walmart of stock brokers. You can be sure people will whine no matter what they do. Like literally. When I worked at Walmart customers would complain to me about how crummy it was to work there. But I say Walmart managers were fine, it was the customers that gave me trouble.

[@Aviator526]

More like Robintroll

[@jorgedelgado8364]

Blaming RH for getting hooked is like blaming the tobacco for people getting hooked on it.... be an adult and take ownership. You can get information for DD from other places and just buy there.

[@iamdmc]

cash for difference betting you never own your crypto, your stocks, or anything plus fees fees fees

[@dparnell97]

Robinghood

[@nakosimpson7459]

Gg

[@ishtar0077]

F Robin hood. Fidelity all the way

[@turboflacko946]

Lol these guys have a bad rap don't doit

[@andrewhernandez3750]

These boomers be hating constantly, sorry we’re finally getting ahead no thanks to your generation

[@dannypope1860]

Amen

[@trentclark2061]

The more people trade the more money they make! Well yeah that's how business works? The more hamburgers McDonalds sell the more money they make, the more iPhones Apple sells the more money they make. How else should a trading company charge their customers? On how much they are feeling sun shiny jazz hands?

[@hugonongbri8100]

_"Vlad the stock impaler!!!"_ - Elon musk

[@HDMoviesism]

Hedge funds and the rich hate Robinhood because the average person can now invest and trade like them. Thank you Robinhood

[@lpolasd]

Cody Ko used it first. Frictionless.

[@doug774]

Ppl know what there doing

[@forplay2706]

This sounds more like a glorified promo.

[@firstcommenter202]

scam

[@aenorist2431]

Design, the same scam as apple ... which is what many of them gamble on using robinhood.

[@adri.khaz.6290]

Such a scam so obvious.

[@samsonsoturian6013]

Who's scamming?

[@ascendrio]

Vlad should go to jail. No cell, no sell.

[@calebmaurice]

FRICTIONLESS - CODY